Social protection, Ratio of this level of government's expenditure on in Iceland
Iceland: Social protection, Ratio of this level of government's expenditure on was 0.7844 in 2020. ▼ Falling
Social protection, Ratio of this level of government's expenditure on in Iceland, 1998–2020
Source: International Monetary Fund.
Analysis
In 2020, social protection, ratio of this level of government's expenditure on in Iceland stood at 0.7844.
Compared with earlier readings it is up 9.3% on the previous year and down 0.6% over ten years.
Over the whole period, social protection, ratio of this level of government's expenditure on in Iceland peaked at 0.8531 in 2007 and was at its lowest, 0.6759, in 2014.
Iceland ranks 16th of 60 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 23 years of available data.
Social protection, Ratio of this level of government's expenditure on in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1998 | 0.7503 | — |
| 1999 | 0.7462 | -0.6% |
| 2000 | 0.7369 | -1.2% |
| 2001 | 0.8371 | +13.6% |
| 2002 | 0.7752 | -7.4% |
| 2003 | 0.7686 | -0.9% |
| 2004 | 0.7795 | +1.4% |
| 2005 | 0.8035 | +3.1% |
| 2006 | 0.8447 | +5.1% |
| 2007 | 0.8531 | +1.0% |
| 2008 | 0.8022 | -6.0% |
| 2009 | 0.7269 | -9.4% |
| 2010 | 0.7895 | +8.6% |
| 2011 | 0.7953 | +0.7% |
| 2012 | 0.7289 | -8.4% |
| 2013 | 0.7291 | +0.0% |
| 2014 | 0.6759 | -7.3% |
| 2015 | 0.6878 | +1.8% |
| 2016 | 0.7974 | +15.9% |
| 2017 | 0.7088 | -11.1% |
| 2018 | 0.7113 | +0.4% |
| 2019 | 0.7179 | +0.9% |
| 2020 | 0.7844 | +9.3% |
Iceland compared with similar countries
- Iceland's 0.7844 is above the median for high income countries, which is 0.4018, 2.0× the median. (36 countries reporting)
- Iceland's 0.7844 is above the median for Europe & Central Asia, which is 0.4609, 1.7× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.7483 | 0.7462 | 0.7503 | 2 |
| 2000s | 0.7928 | 0.7269 | 0.8531 | 10 |
| 2010s | 0.7342 | 0.6759 | 0.7974 | 10 |
| 2020s | 0.7844 | 0.7844 | 0.7844 | 1 |
Countries ranked near Iceland
More public sector data for Iceland
- Military expenditure (current USD), per capita 0 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0 current USD per US$ of GDP (2024)
- Military expenditure (current USD), gaps filled 0 current USD (2024)
- Military expenditure (current USD), per square kilometre 0 current USD per square kilometre (2023)
- Tax revenue 23.2% (2023)
- Capital stock, General government, Current prices, Domestic currency 1,595 (2019)
- Taxes on income, profits and capital gains 34.6% (2023)
- Capital stock, General government, Constant prices, Percent of GDP 51.25 (2019)
- Capital stock, General government, Constant prices, Purchasing power 10.26 (2019)
- Taxes on goods and services 35.2% (2023)
Frequently asked questions
- What is social protection, ratio of this level of government's expenditure on in Iceland?
- Social protection, ratio of this level of government's expenditure on in Iceland was 0.7844 in 2020, according to International Monetary Fund.
- What is the highest social protection, ratio of this level of government's expenditure on recorded in Iceland?
- The highest recorded value was 0.8531 in 2007.
- What is the lowest social protection, ratio of this level of government's expenditure on recorded in Iceland?
- The lowest recorded value was 0.6759 in 2014.
- How does Iceland rank for social protection, ratio of this level of government's expenditure on?
- Iceland ranks 16th out of 60 countries with data for 2020.
- Is social protection, ratio of this level of government's expenditure on rising or falling in Iceland?
- Over the last ten years it is down 0.6%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Social protection, Ratio of this level of government's expenditure on this item to total general government expenditure on this, Percent (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.